Buckle Reinvents Insurance Model for Gig Economy with $31 Million Series A Funding
New model uses fresh sources of data to underwrite risks and fills gaps in conventional policies, while making insurance affordable, accessible for rideshare drivers
"Whether rideshare drivers are on duty or driving their family around on personal time, Buckle will have them covered," said Dustin Walsey (https://www.linkedin.com/
In 2019, Buckle launched its core rideshare insurance policy that combines personal and commercial coverages, in collaboration with Munich Re's Digital Partners. Earlier this year, it expanded the program through a partnership with Lyft (https://www.lyft.com/
In June, Buckle announced the acquisition and recapitalization of Gateway Insurance Company (https://www.buckleup.com/
"The ride-hailing market is expected to grow globally to approximately $260 billion by 2024," said Vikas Singhal (https://hudsonstructured.com/
"The rideshare and dispatched delivery markets need specialized insurance expertise," said Jonathan Kalman (https://www.linkedin.com/
Buckle plans to launch other products and partnerships as it expands nationwide.
Buckle offers total insurance coverage specifically for rideshare and other gig economy providers and TNCs, looking to get coverage that's fair and simple. Buckle Rideshare Insurance isn't a gap product that supplements an existing policy, but replaces a driver's current auto insurance, providing continuous 24x7 coverage on-and-off the clock with one low rate. Connect with Buckle on Facebook (https://www.facebook.com/
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